How many IRB stock you should buy for the 5000 Rs dividend?

devpress (48)in #blog • 2 months ago

Given:

You want to receive a dividend of Rs. 5000
The latest interim dividend per share for IRB is Rs. 0.10 (on 15 May 2024)
The current stock price of IRB is Rs. 68

To calculate the number of shares you need to buy:

Step 1: Determine the dividend amount per share
Dividend per share = Rs. 0.10 (latest interim dividend)

Step 2: Calculate the number of shares required for Rs. 5000 dividend
Number of shares required = Desired dividend amount / Dividend per share
Number of shares required = Rs. 5000 / Rs. 0.10
Number of shares required = 50,000 shares

Step 3: Calculate the total investment required
Total investment = Number of shares required × Stock price
Total investment = 50,000 shares × Rs. 68 per share
Total investment = Rs. 3,400,000

Therefore, to receive a dividend of Rs. 5000 from IRB, you would need to buy 50,000 shares of IRB stock at the current price of Rs. 68 per share. The total investment required would be Rs. 3,400,000.

Please note that this calculation assumes that the dividend per share remains the same as the latest interim dividend of Rs. 0.10 and that you hold the shares until the next dividend payment date.

#krsuccess #steemexclusive #hustleaccepted